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Heartland Express Inc. (HTLD)

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Heartland Express Inc. (HTLD) reported revenue of $184 million for Q2 FY2026, the quarter ended 30 June 2026, down 12.5% on the same quarter a year earlier. Net income was $11 million, and diluted earnings per share $0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$184 milliondown 12.5%
Net income$11 million
Diluted EPS$0.14
QuarterQ2 FY2026ended 30 June 2026

Heartland Express (HTLD) in brief

Heartland Express (HTLD) reported revenue of $806 million for fiscal 2025, the year ended 31 December 2025, down 23.1% on the year before.
Read moreNet loss was $52 million and the diluted loss per share $0.67. Revenue was $1.0 billion in fiscal 2024, $1.2 billion in fiscal 2023, $968 million in fiscal 2022 and $607 million in fiscal 2021. Net income in the same years was a loss of $30 million, $15 million, $134 million and $79 million. Over the twelve months to 30 June 2026, Heartland Express reported revenue of $736 million and net loss of $22 million. Revenue grew 4.5% a year, compounded, over the five years to fiscal 2025. Heartland Express declared $0.08 a share in dividends over the last four quarters and had 77 million shares outstanding at the latest filed count. At 30 June 2026 it carried $135 million of debt and $62 million of cash. At the close of 9 October 2026 the market cap of Heartland Express was $860 million.

Ratios

From the filings

ROE-2.9%
ROCE-1.9%
Operating margin-2.3%
Net margin-3.0%
FCF margin-11.6%
Interest cover-1.77
Debt to equity0.18
Cash conversionn/a
Share count, 1 year-0.3%
Sales CAGR, 3 years-5.9%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.28

At the close of 9 October 2026

Price$11.12
Market cap$860 million
Stock P/En/a
Price to book1.14
EV / EBITDA7.36
Dividend yield0.7%
Market cap / sales1.17
52-week high$16.22
52-week low$7.08
Price, 1 year32.4%
Price CAGR, 3 years-9.4%
Price CAGR, 5 years-7.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Heartland Express Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HTLDgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HTLD

Filings23 in twelve months: 16 current reports (8-K), about 6 officer or director change; 5 other events; 4 results of operations; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.61 by open interest at the 9 October 2026 close; the straddle prices a 35.1% move to 16 October 2026
13F holders5 of the followed funds hold it; largest Two Sigma Investments; 6 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.6 million shares short, 3.90 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue295275270275260243219210197179176184
Operating income-7.410.7-14.40.3-7.11.0-14.9-12.4-7.3-22.8-3.316.5
Operating margin-3%4%-5%0%-3%0%-7%-6%-4%-13%-2%9%
Interest expense6.15.95.34.64.23.53.13.02.92.52.21.9
Pre-tax income-13.25.1-19.3-4.0-11.1-2.2-17.9-15.2-9.9-25.1-5.315.0
Tax raten/a-0%n/an/an/an/an/an/an/an/an/a30%
Net income-10.75.1-15.1-3.5-9.3-1.9-13.9-10.9-8.3-19.4-4.810.6
Net margin-4%2%-6%-1%-4%-1%-6%-5%-4%-11%-3%6%
Diluted EPS-$0.14$0.06-$0.19-$0.04-$0.12-$0.02-$0.18-$0.14-$0.11-$0.25-$0.06$0.14
Operating cash flow27.240.831.040.035.637.825.821.027.514.923.212.9
Capital expenditure68.831.74.710.511.083.323.633.839.759.118.047.4
Free cash flow-41.69.126.329.424.6-45.52.3-12.8-12.2-44.25.1-34.6
Buybacks0.0n/an/an/a0.0n/an/an/a1.4n/an/an/a
Dividends paid1.6n/a0.01.61.61.61.61.61.61.51.61.6
Shares outstanding79m79m79m78m78m79m79m78m77m77m77m77m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Revenue8717366136076115976456079681,2071,048806736
Operating income13211785.663.589.894.393.410518842.4-20.2-57.4-16.8
Operating margin15.1%15.8%14.0%10.5%14.7%15.8%14.5%17.4%19.5%3.5%-1.9%-7.1%-2.3%
Interest expense0.40.00.00.20.01.10.00.08.624.217.611.59.5
Pre-tax income13211786.064.591.997.294.310618119.9-36.7-68.1-25.3
Income tax46.843.729.7-10.719.224.223.526.847.55.1-7.0-15.7-3.4
Effective tax rate35.5%37.4%34.5%-16.6%20.9%24.9%24.9%25.2%26.2%25.6%n/an/an/a
Net income84.873.156.475.272.773.070.879.313414.8-29.7-52.5-22.0
Net margin9.7%9.9%9.2%12.4%11.9%12.2%11.0%13.1%13.8%1.2%-2.8%-6.5%-3.0%
Diluted EPS$0.96$0.84$0.68$0.90$0.88$0.89$0.87$1.00$1.69$0.19-$0.38-$0.67-$0.28
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Operating cash flow17219015611014714617912319516514489.378.5
Capital expenditure20521786.1184169164204133161209110156164
Free cash flow-32.5-26.869.7-74.6-22.7-17.4-25.5-9.234.1-43.334.8-66.9-85.8
Free cash flow margin-3.7%-3.6%11.4%-12.3%-3.7%-2.9%-3.9%-1.5%3.5%-3.6%3.3%-8.3%-11.6%
Cash from investing-115-67.2-28.8-123-37.8-133-111-2.6-663-67.9-46.5-26.030.2
Cash from financing-57.4-107-21.3-30.2-31.9-100-32.7-78.1359-121-113-58.2-69.5
Depreciation and amortisation110112106104101101110104133199182159144
Share-based compensation1.11.21.30.50.52.12.11.11.41.61.02.21.9
Buybacks0.074.014.70.025.10.025.732.00.00.07.310.4n/a
Dividends paid7.06.96.76.76.66.66.545.96.36.34.76.26.2
Dividend per share$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.58$0.08$0.08$0.08$0.08n/a
Diluted shares, weighted88m87m83m83m82m82m81m80m79m79m79m78m77m
Shares outstanding at period end88m84m83m83m82m82m81m79m79m79m79m77m77m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity477470506575616685724727855865823755756
Debt24.60.0n/an/a0.00.0n/a0.0385283190156135
Operating lease liabilitiesn/an/an/an/an/an/an/a0.09.08.21.80.38.3
Finance lease liabilitiesn/an/an/an/an/an/an/a0.0n/an/an/an/an/a
Other liabilities259266232214190214227201420353320280275
Total liabilities and equity7607367387898068999519291,6691,5101,3341,1921,175
Owned
Fixed assets481474408443403526539488973885764667571
Goodwill100100100132132168168168321323323323323
Intangible assets16.414.012.117.014.527.124.722.410498.593.569.567.0
Securities held for sale or to maturity1.41.41.41.41.51.51.51.50.80.90.90.2n/a
Cash and equivalents17.333.212975.416176.711415849.528.112.818.562.4
Receivables77.061.046.864.349.056.855.652.814010391.674.276.7
Other assets67.152.241.555.844.342.347.937.981.871.448.339.475.0
Total assets7607367387898068999519291,6691,5101,3341,1921,175
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.9%4.5%-5.9%-21.0%
Profit growth, compoundedn/an/an/an/a
Return on equity, average7.4%3.5%-3.0%-6.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Heartland Express' revenue in fiscal 2025?

Heartland Express (HTLD) reported revenue of $806 million for fiscal 2025, the year ended 31 December 2025, down 23.1% on the year before.

How much did Heartland Express earn in fiscal 2025?

Net loss was $52 million for fiscal 2025, and the diluted loss per share $0.67.

What is Heartland Express' market cap?

The market cap of Heartland Express was $860 million at the close of 9 October 2026.

Does Heartland Express pay a dividend?

Yes. Heartland Express declared $0.08 a share in dividends over the four quarters to 30 June 2026.

How much debt does Heartland Express have?

At 30 June 2026 Heartland Express carried $135 million of debt and $62 million of cash.

Peers: Transportation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0424.0%25.8%-0.6%0.000.6%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.4818.4%7.5%5.3%0.310.2%
Knight-Swift Transportation Holdings Inc. KNX$10.5 billion247.900.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.0 billion32.5010.2%11.0%4.8%0.04n/a
Landstar System Inc. LSTR$5.7 billion43.8215.7%3.5%4.1%0.002.1%
Schneider National, Inc. SNDR$5.5 billion49.203.6%3.0%6.2%0.131.2%
Arcbest Corp. ARCB$2.9 billion187.591.3%0.7%3.7%0.100.4%
Werner Enterprises Inc. WERN$2.0 billionn/a-3.4%-0.9%9.6%0.581.7%
Jetblue Airways Corp. JBLU$1.5 billionn/a-55.8%-5.9%4.0%5.34n/a
Bristow Group Inc. VTOL$1.2 billion11.729.6%10.0%8.2%0.68n/a
Marten Transport Ltd. MRTN$1.0 billion79.691.7%1.8%-6.9%0.001.9%
Heartland Express Inc. HTLD$860 millionn/a-2.9%-2.3%-21.0%0.180.7%
All 44 in Transportation
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$165.3 billion22.5435.5%40.0%4.2%1.402.0%
Booking Holdings Inc. BKNG$120.5 billion17.79n/a32.9%12.9%n/a0.2%
CSX Corp. CSX$87.5 billion27.3222.9%34.2%2.5%1.221.1%
United Parcel Service Inc. UPS$80.5 billion17.5730.3%7.3%-0.4%1.586.9%
Royal Caribbean Cruises Ltd. RCL$75.5 billion17.4443.0%27.3%8.7%2.231.8%
Norfolk Southern Corp. NSC$71.4 billion27.1116.2%32.2%3.0%0.981.7%
FedEx Corp. FDX$69.0 billion15.7614.0%5.8%7.7%0.742.0%
Delta Air Lines, Inc. DAL$54.1 billion16.4014.6%7.4%14.1%0.540.8%
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0424.0%25.8%-0.6%0.000.6%
Carnival Corp. Ltd. CCL$35.4 billion11.5122.1%16.0%5.2%1.737.4%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Expedia Group, Inc. EXPE$31.4 billion17.10168.4%16.0%12.0%4.520.6%
Expeditors International of Washington Inc. EXPD$25.1 billion28.1243.4%9.8%6.8%0.000.8%
HF Sinclair Corp. DINO$21.6 billion11.5718.6%8.3%16.3%0.271.6%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.4818.4%7.5%5.3%0.310.2%
Xpo, Inc. XPO$21.5 billion54.1320.6%8.8%7.1%1.55n/a
Southwest Airlines Co. LUV$20.4 billion25.5511.8%3.5%9.5%0.541.7%
C. H. Robinson Worldwide, Inc. CHRW$16.7 billion27.1638.9%4.9%-0.1%1.041.7%
ZTO Express (Cayman) Inc. ZTO *$15.9 billion12.0713.7%21.3%10.9%n/a3.3%
Knight-Swift Transportation Holdings Inc. KNX$10.5 billion247.900.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.0 billion32.5010.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.4 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.2 billion20.9510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.2 billion9.7429.6%15.1%6.2%5.40n/a
Matson, Inc. MATX$6.8 billion15.0916.7%15.2%-0.2%0.120.6%
International Seaways, Inc. INSW$5.9 billion7.6634.4%64.2%57.4%0.282.4%
Gatx Corp. GATX$5.8 billion16.3013.2%29.1%22.8%4.431.5%
Landstar System Inc. LSTR$5.7 billion43.8215.7%3.5%4.1%0.002.1%
Schneider National, Inc. SNDR$5.5 billion49.203.6%3.0%6.2%0.131.2%
GXO Logistics, Inc. GXO$5.3 billion41.214.4%2.4%7.6%0.82n/a
Rxo, Inc. RXO$4.8 billionn/a-7.0%-1.2%9.5%0.30n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.651.0%
Brinks Co. BCO$4.3 billion23.9458.3%10.5%8.1%12.541.0%
Tidewater Inc. TDW$4.3 billion17.3017.7%18.4%-1.0%0.46n/a
Skywest Inc. SKYW$3.7 billion9.5914.8%14.0%9.1%0.830.1%
Arcbest Corp. ARCB$2.9 billion187.591.3%0.7%3.7%0.100.4%
Dorian LPG Ltd. LPG$2.5 billion7.6226.0%57.6%81.1%0.414.3%
Allegiant Travel Co. ALGT$2.1 billion54.161.5%4.9%12.2%1.560.0%
Werner Enterprises Inc. WERN$2.0 billionn/a-3.4%-0.9%9.6%0.581.7%
Jetblue Airways Corp. JBLU$1.5 billionn/a-55.8%-5.9%4.0%5.34n/a
Bristow Group Inc. VTOL$1.2 billion11.729.6%10.0%8.2%0.68n/a
Marten Transport Ltd. MRTN$1.0 billion79.691.7%1.8%-6.9%0.001.9%
Heartland Express Inc. HTLD$860 millionn/a-2.9%-2.3%-21.0%0.180.7%
Verra Mobility Corp. VRRM$448 million11.3319.8%13.6%11.1%4.63n/a
9 companies share its SEC industry code (Trucking (No Local)); the rest are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 20253 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR

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